FreightCar America Inc. reports growth in third-quarter 2021
On November 15, 2021, FreightCar America Inc. in its third-quarter 2021 report, cited growth in revenue in the quarter alone. The company made $58.3 million, which is a monumental increase of 131% from the same time last year. While the company has reported growth in revenue for the quarter, the company has also mentioned that it had faced recent obstacles that may impact this quarter's results with recent inflation impacted the costs of key materials that the company relies on.
COVID|M&A|Discontinued ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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